Tag: dow

“Wall Street concerns about “unforeseen consequences” from another Federal Reserve interest rate hike were keeping a lid on Tuesday’s stock market rebound, according to veteran trader Art Cashin” writes Berkeley Lovelace Jr for cnbc.com. The market expects a more scaled-back rate path Wednesday.Against the backdrop of higher rates, investors are “very nervous” about global economic growth slowing and uncertainty around the U.S. trade war with China, said the UBS director of floor operations at the New York Stock Exchange.Cashin said there are several investors on the sidelines ahead of the…

“The Dow Jones Industrial Average plunged 500 points, its second straight drop of that size and its fourth big decline this month” reports thebusinessjournal.com. The S&P 500 index fell 21 points, or 0.8 percent, to 2,578.The S&P 500 index fell 8 points, or 0.3 percent, to 2,591.The market is now well into the red for the year and the S&P 500 index is trading at its lowest level since October 2017. Source: thebusinessjournal.com Share This:

“The Dow Jones industrial average closed down off 507 points, or 2.1 percent, at 23,592, extending a slide after a 496-point loss Friday” writes Thomas Heath Is for washingtonpost.com. U.S. stock markets again swept downward Monday as criticism about the Federal Reserve’s pace of interest rate hikes has kicked up a fresh round of year-end volatility.The Dow and S&P 500 are now down around 5 percent for 2018.The $50 mark is crucial because oil producers find the path to profits more of a slog at sub-$50 prices. Source: washingtonpost.com Share This:

“Retailers have crashed into bear market territory this holiday season, and one top technical analyst says Nike could be the next shoe to drop” writes unknown author for cnbc.com. “Costco and Nike have been the darlings — they’re both trading at near-record valuations as most other retailers, including even Amazon, have come under pressure,” Worth said. The stock was trading lower on Monday afternoon around $71.72.Worth’s charting reveals a number of bearish technical indicators that have developed in Nike’s stock, including a bearish head-and-shoulders formation and a break down through…

“U.S. stock markets again swept downward Monday as the volatility of recent weeks resumed ahead of the holidays” writes Thomas Heath Is for washingtonpost.com. The Dow for last week was down 1.18 percent, the S&P down 1.26 and the Nasdaq down 0.84 percent.The Dow and S&P are down for the year, and the Nasdaq is hanging in positive territory by less than a percent.Toward the end of December, some stocks may be on sale, causing investors to scoop them up and push indexes higher. Source: washingtonpost.com Share This:

“The S&P index recorded one new 52-week high and 89 new lows, while the Nasdaq recorded four new highs and 294 new lows” writes Midwest Communications Inc for 95kqds.com. The S&P healthcare index dropped 1.53 percent to cede its position as the best performing S&P sector this year to the defensive utilities index, which was off 0.48 percent on Monday. Source: 95kqds.com Share This:

“A spike in the TRIN is seen as a sign of panic selling” writes Deputy Markets Editor for marketwatch.com. Stock-index futures pointed to a modestly lower start for stocks on Monday. Source: marketwatch.com Share This:

“ET. S&P 500 futures pointed to a fall of 25.54 points at the U.S. open, while Nasdaq futures implied a lower opening of 83.22 points” writes Yen Nee Lee for cnbc.com. Dow Jones Industrial Average futures are pointing to a decline of more than 200 points in the index at Friday’s open, as markets in Asia were broadly lower after two straight sessions of gains.Dow futures were lower by 211.38 points at 12:45 a.m. Source: cnbc.com Share This:

“Global stocks jumped on positive talk over U.S.-China trade issues on Wednesday, adding to the roller coaster that has defined the markets over the last several weeks” writes Thomas Heath Is for washingtonpost.com. The boost came on news that China may ease its trade policies and create a more open environment for companies doing business there.The Dow was lifted by companies that would benefit from U.S.-Chinese trade peace, such as Caterpillar and aerospace giant Boeing. Source: washingtonpost.com Share This: